ASP Isotopes Announces Pricing of Public Offering of Common Stock
WASHINGTON, July 12, 2024 (GLOBE NEWSWIRE) — ASP Isotopes Inc. NASDAQ:ASPI (“ASP Isotopes” or the “Company”) today announced the pricing of the previously announced underwritten public offering of shares of its common stock. ASP Isotopes has agreed to sell an aggregate of 12,000,000 shares of its common stock at a public offering price of $2.50 per share. The gross proceeds to ASP Isotopes from the offering, before deducting underwriting discounts and commissions and estimated offering expenses payable by ASP Isotopes, and without giving effect to any exercise of the underwriters’ option to purchase additional shares, are expected to be $30.0 million. In addition, ASP Isotopes has granted the underwriters a 30-day option to purchase up to 1,800,000 additional shares of common stock at the public offering price, less the underwriting discounts and commissions. All of the shares in the public offering are to be sold by ASP Isotopes. The offering is expected to close on or about July 15, 2024, subject to the satisfaction of customary closing conditions.